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Political Economy and Instruments of Environmental Politics$
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Friedrich Schneider, Andrea Kollmann, and Johanne Reichl

Print publication date: 2015

Print ISBN-13: 9780262029247

Published to MIT Press Scholarship Online: January 2016

DOI: 10.7551/mitpress/9780262029247.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 29 June 2022

The Evolution of Renewable Energy Policy in OECD Countries

The Evolution of Renewable Energy Policy in OECD Countries

Aggregate Indicators and Determinants

Chapter:
(p.117) 6 The Evolution of Renewable Energy Policy in OECD Countries
Source:
Political Economy and Instruments of Environmental Politics
Author(s):

Francesco Nicolli

Francesco Vona

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262029247.003.0006

This paper analyzes empirical economic and political determinants of gasoline and diesel pricing for about 200 countries over the period 1991-2010. A range of political and economic variables are found to systematically influence fuel prices, and in ways that differ with countries’ per-capita income levels. Fuel prices are set lower by more corrupt, and more centralized, governments; and higher in countries with direct presidential elections, and with plurality voting systems, than with parliamentarian systems and proportional representation. Higher GDP per capita levels lead to higher fuel prices, while export income from selling fossil fuels reduces fuel prices dramatically. Higher motor fuel consumption also appears to reduce fuel prices, most for gasoline. “Pass-through” of crude oil price changes to fuel prices is found to be high on average.

Keywords:   Fuel subsidies, gasoline prices, diesel prices, political economy, endogenous government policies

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